Express Inc (EXPR.N)
5 Dec 2016
U.S. stocks ended little changed on Friday after a payrolls report did little to recast expectations for an interest rate hike from the Federal Reserve this month and bank stocks cooled to round out their fourth straight week of gains. | Video
NEW YORK Retailers have long relied on sales of high-margin winter coats and boots to boost annual profits, but with the season becoming shorter and warmer, U.S. fund managers are shedding department store and apparel stocks, convinced the industry is becoming a victim of climate change.
* Express Inc says Terry Davenport is currently global brand advisor for Starbucks Coffee Company
Express Inc lost more than a quarter of its market value on Wednesday as its lower-than-expected results belied a recent uptick in apparel sales that has helped most retailers.
* Lack of clarity across the assortment in quarter, due to too many choices, particularly in women's line - conf call
Aug 24 Express Inc lost more than a quarter of its market value on Wednesday as its lower-than-expected results belied a recent uptick in apparel sales that has helped most retailers.
* Sees Q3 Comparable Sales Change In Negative High Single To Low Double Digits